New Delhi, Aug. 26 -- Shares of Aastha Spintex, the Gujarat-based integrated cotton yarn manufacturer, were locked at the 10% upper circuit in Wednesday's trade, August 26, reaching Rs.80 apiece, defying the weak broader market trend.

The rally came after the company fixed Wednesday, September 9, as the record date for determining shareholders eligible for the payment of a dividend. In addition, the company said that at its upcoming Annual General Meeting (AGM), shareholders will consider and approve a 1:1 bonus issue and an increase in the company's authorised share capital from Rs.45 crore to Rs.100 crore.

Earlier, the Board of Directors had approved a comprehensive three-pillar growth plan, including a 1:1 bonus issue, a dividend, an...